BLOCKCHAIN AS AN IOT TRANSFORMATION KEY

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BLOCKCHAIN AS AN IOT TRANSFORMATION KEY

• www.osiztechnologies.com

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• Undoubtedly, the two revolutionizing technologies
  which disrupt and transform the modern business
  world are Blockchain and IoT.
• Blockchain, a distributed ledger of encrypted
  blocks to record the transactions between two
  parties, whereas IoT, an interconnected computers
  network enclosed in everyday devices, industrial
  equipment, vehicles, and so on.Both the
  technologies solely has its unique part in this
  digitized world and happens more wonder when both
  ties up. A perfect combo to tolerate the
  negativity of each other. To point out, IoT has
  the abilities to overwhelm the inabilities of
  blockchain and as the same way, blockchain has
  the ability to overwhelm the inability of IoT.
  This is the reason to consider these dual
  technologies as a perfect match.
• Challenges of IoT

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• (i) Connectivity troubles
• The requirement of advanced infrastructure is
  essential for the fast growing smart devices
  which intemperately rely on internet
  connectivity.
• (ii) High costs
• The another challenges of IoT is high cost, I.e.
  its solutions are expensive due to its high
  infrastructure and maintenance cost connected
  with centralized clouds, big server farms as well
  as networking equipment.
• (iii) Concern of IoT Security Device
• The chief drawback of IoT devices is lack of
  security. It is evident the number of IoT related
  cybercrime enhanced by 600.Blockchain technology
  steps in. Being a decentralized approach, there
  exist a huge potential to overcome the challenges

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• IoT with Blockchain
• On the adverse, blockchain furnish a
  decentralized model that makes the IoT networks
  more secure and less independent. Blockchain
  comes with the following perks for the IoT.
• I. The existence of standardized P2P
  communication model will cut down the costs to
  install and maintain the centralized data centers
  that progress billions of transactions between
  devices.
• II. The another advantage to tie blockchain with
  IoT is lack of actions for failures. A failure of
  single network node will not destroy the whole
  network.
• III. Blockchain will massively diminishes the
  installation and maintenance cost. However, the
  loss of revenue happen because of the possible
  security breaches are also diminished.

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• IV. All of the transactions will be securely
  recorded in blockchains distributed ledger while
  being validated and verified by other nodes of
  the network on the other hand, because of its
  existence in a single location,hackers are unable
  too attack this ledger.
• V. As blockchain is the technology behind
  cryptocurrencies, IoT device owners can use it to
  sell the data that they generate for the digital
  currency.
• To specify that, this decentralized approach
  absolutely negotiate single failure points and
  build resilient ecosystem for devices to run on.
  To point out, the blockchains cryptographic
  algorithms make consumer data more private. This
  makes the IoT industry manufacturers to combine
  IoT with blockchain. For that, they are seeking
  for blockchain IoT development company to
  incorporate blockchain applications with IoT.
  Osiz technologies, a leading enterprise
  blockchain development company with the
  blockchain experts let you to build a new path to
  automate your IoT business in a decentralized
  ecosystem for a smart business.

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• If you have any queries, feel free to contact
  with our blockchain experts
• Call/Whatsapp  [phone]
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